Strong Iron Ore Prices Lift Rio Tinto Stock Amid Analyst Warning

Rio Tinto's stock has been resiliently trading above $100 on the New York Stock Exchange, reaching a price of $104.24 on August 23, 2026.

This is due in part to strong iron ore and copper prices, which have driven up demand from China and other industrial hubs.

However, analyst coverage has shifted more cautiously with a newly initiated underweight rating paired with a $90 price target, implying over 14% downside from the last closing price.